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Kuniko Limited (ASX:KNI)

ALERT: Price-sensitive ASX Announcement for KNI
Current share price for KNI : $0.024 -0.011 (-31.43%)+
Announcement
Release
27 May 2026 9:43AM
Price at Release
$0.035
Full Release
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Summary
Kuniko Limited has completed its Phase 1 drilling program at Commonwealth-Silica Hill, confirming high-grade gold and silver mineralization with additional zinc, lead, and copper credits. The drilling program, which included six diamond drill holes totaling 1,239 meters, has improved the geological understanding of the project and identified new priority targets for further exploration. The company plans to commence Phase 2 drilling in early July to explore larger and higher-grade zones. The project has a binding earn-in agreement with Impact Minerals, allowing Kuniko to earn up to a 70% interest. The integration of geophysical and geochemical data is ongoing to refine drill targets across the broader project area.
Key Points
  • Phase 1 drilling program completed at Commonwealth-Silica Hill with six diamond drill holes totaling 1,239 meters.
  • Confirmed high-grade gold and silver mineralization with additional zinc, lead, and copper credits.
  • Gold equivalent (AuEq) grades calculated to demonstrate the combined value potential of the polymetallic system.
  • Phase 2 drilling scheduled to commence in early July to explore larger step-out extensions and higher-grade zones.
  • Geophysical and geochemical data are being integrated to target additional drill sites across the project corridor.
  • Kuniko Limited has a binding earn-in agreement with Impact Minerals to gain up to 70% interest in the project.
  • Phase 1 drilling results indicate a significant improvement in geological understanding and identification of new mineralized zones.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.